Real Estate in Pinellas & Pasco
Ed Karlander

Flood insurance discounts in effect

Pinellas County Flood Information Services
(727) 464-7700

Residents and businesses of the unincorporated limits of the Pinellas County’s Special Flood Hazard Area can expect to receive a 25 percent discount on their flood insurance premiums as a result of the county’s recently improved Community Rating System classification.

The increase in rating by the National Flood Insurance Program from a Class 7 to a Class 5 took effect on May 1, 2016 and will save residents and businesses $5.3 million annually.

Residents are encouraged to review their Community Rating Number when renewing their flood insurance policy. If the policy doesn’t indicate Class 5 for those who live in unincorporated Pinellas County, residents are asked to call their insurance agent to correct the error.

Residents in unincorporated Pinellas County should receive a 25 percent reduction for properties in the Special Flooding Hazard Area and a 10 percent discount outside the hazard area. Residents can access a countywide flood zone map online.

The National Flood Insurance Program (NFIP) administers the CRS program to provide an opportunity for communities to earn discounts on flood insurance policies by implementing floodplain management activities that exceed minimum program standards. Communities receive a CRS classification based upon the total credit they earn for these activities, which translates into discounts on flood insurance premiums. The lower the classification, the higher the discount.

The CRS program administration and many of the activities that have generated these discounts have been funded by the Surface Water Assessment program, which has allowed Pinellas County to meet its strategic plan goals to become better stewards of the environment and be better prepared for a potential flooding event.

The National Flood Insurance Program offers flood insurance to homeowners, renters and business owners if their community participates in the program. Typically, there is a 30-day waiting period from the date of purchase before a flood policy goes into effect. Exceptions to the waiting period can be found on the NFIP website .

Pinellas County offers multiple resources to help residents in the event of flooding or other disasters. The county launched a new website  to provide residents flooding information such as Pinellas County’s CRS rating, flood insurance, emergency notifications, and access to multiple interactive maps to look up FEMA flood zones, hurricane evacuation zones and storm surge levels.

Posted on June 10, 2016 at 11:19 am by Ed Karlander

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